PrinsBank in Prinsburg, Minnesota (MN)



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PrinsBank routing number info

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PrinsBank
GeneralFDIC Certificate #: 10191
Status: Active
Federal Reserve ID: 787459
Bank Holding Company (Regulatory Top Holder): Psb Financial Shares, Inc. (RSSDID: 1495797, Location: Prinsburg, MN)
Date Established: October 14, 1916
WWW: http://www.prinsbank.com
Trust Powers Granted: No
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 2 (Domestic: 2, Interstate: No)
OTS Docket #: 13308
FDIC's unique #: 6530
Numeric code: 21
Regulator: FDIC
Insurance Fund Membership: Deposit Insurance Fund (DIF)
Insured commercial Banks: Yes
FDIC Insured: Yes
Deposit Insurance Fund member: Yes
Ownership Type: Non-Stock
FFIEC Call Report 31 Filer: No
State Chartered: Yes
Subchapter S Corporations: Yes
Asset Concentration Hierarchy: Commercial Lending Specialization
Date of Deposit Insurance: January 01, 1934
Last Structure Change Effective Date: December 31, 2010
Last Structure Change Process Date: January 19, 2011
Last Data Update: January 19, 2011
Data Source Date: April 05, 2012
LocationAddress: 508 Third Street, Prinsburg, MN 56281
County: Kandiyohi
Quarterly Banking Profile Region: Kansas City
FDIC Geographic Region: Kansas City
FDIC Supervisory Region: Kansas City
FDIC Field Office: Mankato
Office of the Comptroller the Currency (OCC) District: Central
Office of Thrift Supervision Region: West
Core Based Statistical Area (CBSA): Willmar, MN (#48820)
CBSA Micro Statistical Area: Yes
History of ChangesOffice Purchased
Financial SummaryTotal assets: $108.5 mil
Equity capital: $9.2 mil
Deposits held in domestic offices: $98.3 mil
Return on assets (ROA): 1.50% ($1.6 mil)
Quarterly return on assets: 0.60% ($0.6 mil)
Return on Equity (ROE): 17.29% ($1.6 mil)
Quarterly return on equity: 6.84% ($0.6 mil)
Net income: $1.5 mil
Quarterly Net income: $0.2 mil
Pretax return on assets: 1.50% ($1,627.3 mil)
Quarterly Pretax return on assets: 0.60% ($650.9 mil)

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

2000 - 2011 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Historical total employees (full-time equivalent)

Assets and Liabilities (December 31, 2011)
(Dollar figures in thousands)
Total employees (full-time equivalent)24
Total assets$108,487
Cash and due from depository institutions$16,750
Interest-bearing balances$16,504
Securities$4,696
Federal funds sold & reverse repurchase agreements$0
Net loans & leases$81,619
Loan loss allowance $1,245
Trading account assets$0
Bank premises and fixed assets$3,774
Other real estate owned$218
Goodwill and other intangibles$0
All other assets$1,430
Life insurance assets$108,487
Total liabilities and capital$99,288
Total liabilities$98,259
Total deposits$81,499
Interest-bearing deposits$98,259
Deposits held in domestic offices$97
% insured (estimated)107.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$750
Other borrowed funds $0
Subordinated debt $172
All other liabilities $9,199
Total equity capital$9,199
Total bank equity capital$9,199
Perpetual preferred stock$0
Common stock$100
Surplus$4,775
Undivided profits $4,324
Memoranda
Noncurrent loans and leases $0
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $0
Income earned, not collected on loans $1,932
Earning assets $0
Long-term assets (5+ years) $571
Average Assets, year-to-date $102,819
Average Assets, quarterly $19,765
Volatile liabilities $102,950
Insider loans $105,463
FHLB advances $99,546
Loans and leases held for sale $106,141
Unused loan commitments $432
Tier 1 (core) risk-based capital $432
Tier 2 risk-based capital $9,155
Total risk weighted assets $0
Total unused commitments $0
Restructured Loans and leases $8,434
Derivatives$143
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $5,297
Total interest expense $1,305
Net interest income $3,992
Provision for loan and lease losses $390
Total noninterest income $1,774
Fiduciary activities $0
Service charges on deposit accounts $107
Trading account gains & fees $0
Additional noninterest income $1,667
Total noninterest expense $3,828
Salaries and employee benefits $2,116
Premises and equipment expense $581
Additional noninterest expense $1,131
Pre-tax net operating income $1,548
Securities gains (losses) $0
Applicable income taxes $0
Income before extraordinary items $1,548
Extraordinary gains - net $0
Net income attributable to bank $1,548
Net charge-offs $0
Cash dividends $1,548
Sale, conversion, retirement of capital stock, net $197
Net operating income $673
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets5.76%
Cost of funding earning assets 1.42%
Net interest margin 4.34%
Noninterest income to earning assets 1.93%
Noninterest expense to earning assets 4.16%
Net operating income to assets 1.50%
Return on assets (ROA) 1.50%
Pretax return on assets 1.50%
Return on equity (ROE) 17.29%
Retained earnings to average equity (YTD only) 9.77%
Net charge-offs to loans 0.25%
Credit loss provision to net charge-offs 197.97%
Efficiency ratio9.84%
Assets per employee$66,389
Cash dividends to net income (YTD only)4.52%
Condition Ratios (%)
Loss allowance to loans 43.48%
Loss allowance to noncurrent loans 1.50%
Noncurrent assets plus other real estate owned to assets 64.44%
Noncurrent loans to loans 1.98%
Net loans and leases to deposits2.33%
Net loans and leases to core deposits 83.07%
Equity capital to assets 85.49%
Core capital (leverage) ratio 8.48%
Tier 1 risk-based capital ratio 8.63%
Total risk-based capital ratio 9.20%
Memoranda
Average assets$10
Average earning assets$102,950
Average equity $8,953
Average loans $91,919
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2 Minnesota Branches as of April 05, 2012
NoIDNameAddressEstablishedService TypeMap
06530Prinsbank508 Third Street, Prinsburg, MN 56281October 14, 1916Full Service Brick and Mortar
3461394Champlin Branch12011 Business Park Boulevard North, Champlin, MN 55316March 08, 2007Full Service Brick and Mortar
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